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Listed by Megan Sullivanof Compass
$ 625,000
Est. payment /mo
Active Under Contract
2643 N California AVE Chicago, IL 60647
6 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12710369
Bedrooms 6
Year Built 1897
Annual Tax Amount $12,121
Tax Year 2024
Lot Dimensions 25x125
Property Sub-Type Two to Four Units
Property Description
Rare opportunity to acquire a classic Chicago four-flat on 3,150 square foot lot just one block from iconic Logan Boulevard. Offering approximately 3,475 square feet above grade plus a full unfinished basement, a detached two-car garage, and a fenced backyard, this is the type of property that rarely becomes available in one of Logan Square's most desirable locations. Built in 1897, the building features an ideal unit mix of two one-bedroom residences and two spacious two-bedroom-plus-den apartments. Generous room sizes, flexible floor plans, private rear decks, and original stained wood doors with period hardware showcase the timeless craftsmanship and architectural character that make Chicago's vintage buildings so enduring. The property currently generates $4,500 per month in rental income, with existing rents remaining well below prevailing Logan Square market rates. The full unfinished basement offers abundant storage and future potential, while the detached two-car garage and private backyard provide amenities that are increasingly difficult to find in the neighborhood. This is not a turnkey investment. The building has seen limited updates over the past several decades and is being sold as-is. Buyers should anticipate deferred maintenance, repairs, and modernization. The value lies in the fundamentals: oversized apartments, flexible layouts, original architectural details, outdoor space, garage parking, and an irreplaceable location. Located just steps from Logan Boulevard and surrounded by acclaimed restaurants, neighborhood cafes, parks, public transportation, and everything that has made Logan Square one of Chicago's most sought-after neighborhoods, 2643 N. California Avenue presents an exceptional opportunity to restore, reposition, and realize the full potential of a classic Chicago investment property. Within the boundaries of the 606 Ordinance.
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Radiator(s)
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding,Asbestos,Combination
New Construction false
Schools
Elementary Schools Brentano Elementary School Math
Middle Schools Brentano Elementary School Math
High Schools Schurz High School
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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